Funding arb · Price arb /

SKHYNIX

RWAall SKHYNIX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0359%/8h= +39.3% APRpaid last 24h −0.028%

Price spread now: Bullet against HTX−0.087%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on HTX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.087%, 7d avg −0.023%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bullet is 0.064% cheaper against HTX than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.023%). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$11 a day).

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.007% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX SKHYNIX-USDT	1,412.6	0	get 0.0000% / 4h	1h 49m	$1.3M	$2.4M	50x
Short	Bullet SKHYNIX-USD	1,411.4	0.0359	get 0.0045% / 1h	49m 54s	$15K	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee BulletbpOrdersPrice spread, now −0.087%Rate

Funding earned: $75.41
Price spread: −0.087% → −0.023%: −$6.38
Slippage, 4 orders: −$8.42
Fee HTX: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: $40.61
Costs to cover: 0.284%
Break-even: 3.2 days

Slippage from HTX: live order book, 4 min ago; Bullet: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 4 min ago	0.88 bp	7.6 bp −$8	7.7 bp −$77	15.8 bp −$1,579	doesn't fit
Sell Bullet live order book, 14 min ago	0.35 bp	6.1 bp −$6	20.1 bp −$201	doesn't fit	doesn't fit

SKHYNIX on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX SKHYNIXUSDC	−0.0335%	4h	1,411.7	−0.063%	$3.5M	$402K	10x	as long as short
Aster SKHYNIXUSD1	0.0000%	4h	1,411.6	−0.072%	$18.9M	$40.7M	20x	as long as short
Bybit SKHYNIXUSDT	0.0000%	8h	1,412	−0.047%	$20.5M	$33.3M	100x	as long as short
Gate SKHYNIX_USDT	0.0000%	4h	1,412.1	−0.037%	$144.5M	$63.4M	75x	as long as short
GRVT SKHYNIX_USDT_Perp	0.0000%	4h	1,412	−0.045%	$102K	$195K	10x	as long as short
SunX SKHYNIX-USDT	0.0000%	4h	1,413.3	+0.046%	$879	$642K	10x	as long as short
HTX SKHYNIX-USDTlong	0.0000%	4h	1,412.6	long leg	$1.3M	$2.4M	50x
Phemex SKHYNIXUSDT	0.0000%	8h	1,411.3	−0.093%	$1.2M	$769K	10x	as long as short
SoDEX SKHX-USD	+0.0050%	1h	1,411.1	−0.112%	$751	$8K	10x	as long as short
Extended SKHYNIX-USD	+0.0064%	1h	1,410.8	−0.128%	$2.4M	$71K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance SKHYNIXUSDT	+0.0067%	4h	1,411.2	−0.102%	$352.3M	$743.5M	50x	as long as short
Pacifica SKHYNIX	+0.0100%	1h	1,412.1	−0.038%	$127K	$391K	10x	as long as short
KuCoin SKHYNIXUSDTM	+0.0100%	4h	1,411.3	−0.091%	$5.2M	$8.1M	20x	as long as short
ApeX Omni SKHYNIXUSDT	+0.0100%	1h	1,412.4	−0.020%	$147K	$261K	50x	as long as short
Orderly PERP_SKHYNIX_USDC_mythos	+0.0100%	8h	1,411.1	−0.111%	$5K	$798	10x	as long as short
Aevo SKHX-PERP	+0.0104%	1h	1,411.9	−0.050%	$33K	—	10x	as long as short
tradeXYZ xyz:SKHX	+0.0329%	1h	1,411.1	−0.108%	$319.4M	$203.5M	10x	as long as short
OKX SKHYNIX-USDT-SWAP	+0.0330%	8h	1,412.1	−0.038%	$56.0M	$114.3M	50x	as long as short
Bitget SKHYNIXUSDT	+0.0334%	4h	1,412	−0.046%	$23.8M	$25.8M	20x	as long as short
Bullet SKHYNIX-USDshort	+0.0359%	1h	1,411.4	−0.087%	$15K	$466K	10x
Polymarket Perps SKHYNIX-USD	+0.0388%	1h	1,411.3	−0.094%	$276K	$1.0M	10x	as long as short
Aftermath Perps SKHYNIXUSD	+0.0767%	1h	1,411	−0.116%	$703	$38K	5x	as long as short